Here is the dream story of many entrepreneurs:

Owning a business that generates so much free cash flow that you can invest in/acquire 8 businesses.

I’d even call him Andrew Wilkinson Jr…

Capital allocation at its best…

Started in 2017…

Today there are 8 companies in his portfolio.

All while being 32, traveling & living in 20 countries, having Tim Ferriss as an inspiration and driving a Range Rover Sports.

Most importantly, being generally happy and relaxed (my comments about him).

"The freedom of location. For the past 7 years I’ve lived and worked in 20 different companies. Only thanks to the businesses I ran.”

We discuss:

— Building a list of companies to acquire

— Finding the absolute best off-market deals

— Growing businesses 2-3 times in 18 months

— A 30-day post-acquisition action plan

— One book that changed his life forever

00:00:00 - Intro

00:00:29 - Early failures turned into successful cash-flow machine

00:03:20 - Andrew Wilkinson from Tiny as a big influencer

00:05:18 - Acquiring a business using seller financing or not doing a deal at all

00:07:54 - Capital allocation at its best - buying vs. starting

00:11:19 - 8 businesses, 8 different CEOs

00:18:35 - Growing portfolio companies 2-3x in 18 months

00:21:19 - How to build a database of companies you want to acquire

00:23:52 - How to acquire a business in 30 days

00:27:59 - This is how you build a company where people want to work

00:32:11 - Turning big mistakes and failures into success

00:36:09 - Diversification, diversification, diversification

My full conversation with Lee Betts, the founder of BettsCo — Stream now.

Follow PrivatEquityGuy on Twitter: ⁠⁠https://Twitter.com/PrivatEquityGuy⁠⁠

Join HoldCo Builders weekly newsletter on finding deals, raising capital, and growing small niche manufacturing businesses: ⁠⁠https://privatequityguy.beehiiv.com/subscribe⁠⁠

This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.

How I Acquired 8 Companies By Age Of 32 While Traveling To 20 Countries | Lee Betts Interview

Buyers and Builders